Testing for risk aversion: a stochastic dominance approach

被引：17
|
作者：
Levy, M [1 ]
Levy, H [1 ]
机构：
[1] Hebrew Univ Jerusalem, Sch Business Adm, IL-91905 Jerusalem, Israel
来源：
ECONOMICS LETTERS | 2001年 / 71卷 / 02期
关键词：
risk-aversion; stochastic dominance; decision-making under uncertainty;
D O I：
10.1016/S0165-1765(01)00377-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We conduct an experiment based on the Stochastic Dominance framework in order to investigate risk-aversion in isolation of other effects such as subjective probability distortion, the 'certainty effect', and 'framing' effects. The result is striking: most individuals are not risk-averse. (C) 2001 Elsevier Science B.V, All rights reserved.
引用
收藏
页码：233 / 240
页数：8
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